What to Expect When Nvidia Reports After the Close

Gwen Vasquez
May 12, 2018

Nvidia Corp. revealed for the first time how much revenue it generated from chip sales to the cryptocurrency market - and said that figure will be much smaller in the second quarter. The ratio fall due to NVDA positioning: 59 sold and 301 reduced.

Mackenzie Finance stated it has 5,462 shares or 0% of all its holdings. Conning holds 15,993 shares. 6,083 were accumulated by Fort Washington Inv Incorporated Oh. The California-based Destination Wealth has invested 0.03% in NVIDIA Corporation (NASDAQ:NVDA). The company reports that revenue in its OEM and IP business unit, which pulled in $387 million in the first quarter, up 115 percent quarter-over-quarter and 148 percent year-over-year. With these types of results to display analysts, are more optimistic than before, leading 22 of analysts who cover NVIDIA Corporation (NASDAQ:NVDA) advice their clients to include it in their buy candidate list. The short ratio in the company's stock is documented at 0.97 and the short float is around of 2.49%. Summit Financial Wealth Advisors Llc reported 0.15% stake. NVIDIA Corporation's institutional ownership is 68.8%, while its institutional transactions stand at 0.18%. Fil Ltd holds 8,680 shares or 0% of its portfolio. Country National Bank accumulated 590 shares. Hudson Valley Inv Advsrs Adv reported 1,609 shares stake.

NVIDIA Corporation (NVDA) has a Return on Assets of 30.6 percent, Return on Investment of 30.9 percent and a Return on Equity of 47 percent. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Seekingalpha.com and their article: "Upcoming Earnings: Nvidia Reports After Thursday's Close" published on May 09, 2018 as well as Investorplace.com's news article titled: "Friday's Vital Data: Apple Inc".

Nvidia said it intends to return $1.25 billion to shareholders through ongoing quarterly cash dividends and share repurchases for fiscal 2019. Shoquist Debora sold 32,049 shares worth $7.67M. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. A total of 5,529,508 shares exchanged hands during the intra-day trade contrast with its average trading volume of 14.84M shares, while its relative volume stands at 1.97. Furthermore, the company brought in $1.3 billion in operating profits which is up 134% from past year.

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The outlook for this quarter is similarly bright, with revenue guided to $3.04 billion to $3.16 billion, compared with consensus for $2.95 billion. Deutsche Bank upped their price objective on Nvidia from $230.00 to $240.00 and gave the company a "hold" rating in a report on Tuesday. Nvidia has a 12 month low of $99.41 and a 12 month high of $254.50. The stock now has an average rating of "Buy" and a consensus target price of $222.50. Since November 17, 2017 according to StockzIntelligence Inc NVIDIA has 28 analyst reports. The stock has "Buy" rating by Citigroup on Friday, February 9. The company's market cap is $157.38 Billion. The firm has "Buy" rating given on Wednesday, March 7 by Rosenblatt. Stifel Nicolaus increased their price objective on Nvidia from $184.00 to $220.00 and gave the company a "hold" rating in a research report on Friday, February 9th. Alpha Beta Stock (ABS) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. The rating was maintained by SunTrust on Friday, February 9 with "Buy". Roy attributes this to the company's eyes on investing "aggressively in growth markets". Considering that the stock recent volume of 981508 shares, this represents a pretty noteworthy trading in volume size.

Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 17.08% and standing 14.05% away from 50-Day Simple Moving Average while traded 11.12% away from 200-Day Simple Moving Average. NVIDIA Corporation (NASDAQ:NVDA) has risen 108.33% since May 11, 2017 and is uptrending. NVDA outperformed by 96.78% the S&P500.

NVIDIA Corporation is a visual computing firm with operations all over the world. The company attributes that margin growth to "higher value platforms in the GPU segment", which we take to mean sales of high-margin, high-end graphics cards. It has a 53.64 P/E ratio.

Nvidia's automotive business rang up $145 million in revenue and its professional visualization segment reached $251 million.

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